Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Retiree Sues Schwab, Hightower Over $422,000 Portfolio Loss
By Dinah Wisenberg BrinThe firms misrepresented a risky margin loan as a safe credit line and made unauthorized trades, the suit says.
May 08, 2025
Ex-Schwab Advisor Claims Age and Sex DiscriminationThe advisor was forced to resign and replaced by a younger male counterpart, she says in a lawsuit.
May 06, 2025
UBS Will Pay $511M to End Credit Suisse U.S. Tax ProbeA bank unit pleaded guilty to conspiring to help clients hide over $4 billion from the IRS.
May 01, 2025
Carson Group, Gulick Seek to Push Back Trial TimelineLawyers for both sides in a discrimination and retaliation lawsuit told the court they need time to prepare.
April 29, 2025
How Retirement Planning Could Be Reshaped During Trump’s Second TermFrom easing fiduciary regulations to the promotion of alternative assets, there’s a lot on the table.
April 24, 2025
Short Seller Loses Bid to Toss SEC Fraud CaseA lawsuit accuses Andrew Left of committing fraud through stock trades, social media posts and research reports.
April 24, 2025
Advisor Who Left for Raymond James Breached Contract, TD AllegesAbout 30 clients with $48 million in assets left after Adam Bracy's departure, the bank says.
April 24, 2025
Jury Finds Massachusetts Advisor Failed to Disclose Annuity Conflicts to RetireesThe verdict holds Jeffrey Cutter and his firm accountable for breaching fiduciary duties to clients, the SEC said.